GENERAL DESCRIPTION

Processing of Mandatory and Voluntary Corporate Action events spanning global markets and all products covering Singapore and Hong Kong booking centres
Ensure daily activities are conducted professionally and accurately while ensuring that internal guidelines and policies are followed

KEY FEATURES OF THE POSITION

Client Management (internal & external)

Coordinates with internal departments and external sub custodians, custodians, agents & brokers to ensure that daily work meets organizational standards
Monitor the queries received and provide responses or holding replies within a reasonable timeframe.

Business Management

Review daily inward/outward swift messages pertaining to Corporate Actions
Processing & Reconciling positions and subsequently the entitlements due from Corporate Actions related transaction
Monitor confirmation of entitlement and ensure entries posted on accurate and timely basis
Perform daily review on reconciliation breaks for all activity with timely follow up and resolution
Perform review on daily reconciliation before market deadlines in order to mitigate any possible operation risk of missing/incomplete processing of voluntary events resulting to possible operation loss
Participate in User-Acceptance-Testing when required

Regulatory Responsibilities &/OR Risk Management

Demonstration of appropriate values and behaviours including but not limited to standards on honesty and integrity, due care and diligence, fair dealing (treating customers fairly), management of conflicts of interest, competence and continuous development, adequate risk management, and compliance with applicable laws and regulations
Work with the relevant teams in fulfilment of regulatory requirements.

SKILLS REQUIREMENTS OF THE POSITION

Personal and Social

Professional and Technical

Diploma/Degree and minimum of 3+ years of relevant experience in banking or related discipline.
Strong technical knowledge on Corporate Action& Tax
Candidate with relevant experience in Corporate Actions and Settlements SWIFT messages (MT56x/54x) knowledge will be an advantage
Knowledge of handling US restricted securities, tax related reporting/reclaim would be an advantage
Knowledge of handling Bond Restructuring, filling of claim for defaulted instruments would be an advantage

Corporate Action Specialist (12 months contract - Through an External Agency Payroll Provider)